Common use of Acquisition of Subsidiary by Xxxxxxxx Clause in Contracts

Acquisition of Subsidiary by Xxxxxxxx. 66 The Parties recognize that one or more Subsidiaries of ConocoPhillips will no longer be Subsidiaries of ConocoPhillips following the Internal Contribution Date but will become Subsidiaries of Xxxxxxxx 66. Such Subsidiaries shall not be required to assign to Xxxxxxxx 66 Company any Xxxxxxxx 66 IP Licenses under Section 7.2 or any other Intellectual Property allocated to the Xxxxxxxx 66 Group pursuant to this Agreement because Xxxxxxxx 66 Company will obtain control of such Xxxxxxxx 66 IP License or other Intellectual Property through equity ownership of that Subsidiary. Accordingly, to the extent that Xxxxxxxx 66 Company obtains as a Subsidiary a Subsidiary of ConocoPhillips Company, which Subsidiary would, but for the operation of this Section 7.6, have assigned to Xxxxxxxx 66 its Xxxxxxxx 66 IP Licenses by operation of Section 7.2 or other Intellectual Property by operation of the Copyright and Technology Assignment, the Patent Assignment or the Trademark and Service Xxxx Assignment, then the assignment of such rights, and only such rights, shall not be deemed to have been made by operation of the Copyright and Technology Assignment, the Patent Assignment, the Trademark and Service Xxxx Assignment or Section 7.2. Otherwise, the assignments of this Agreement are unaffected by this Section 7.6.